Adobe (NASDAQ:ADBE) Stock Price Down 1.4% – Time to Sell?

Adobe Inc. (NASDAQ:ADBE)’s share price traded down 1.4% on Tuesday . The stock traded as low as $350.58 and last traded at $352.42. 2,911,052 shares were traded during trading, a decline of 27% from the average session volume of 3,988,011 shares. The stock had previously closed at $357.53.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ADBE. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. BMO Capital Markets dropped their target price on Adobe from $405.00 to $400.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Redburn Partners set a $280.00 price objective on Adobe in a research report on Monday, September 1st. Mizuho reduced their target price on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, Morgan Stanley cut their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $417.93.

Adobe Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The company has a 50 day moving average price of $337.88 and a 200 day moving average price of $354.17. The firm has a market cap of $147.78 billion, a PE ratio of 21.13, a PEG ratio of 1.39 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the firm earned $4.81 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Adobe

Institutional investors have recently made changes to their positions in the stock. Lathrop Investment Management Co. raised its holdings in Adobe by 2.8% in the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock worth $10,269,000 after acquiring an additional 718 shares during the period. Mcdaniel Terry & Co. increased its stake in shares of Adobe by 2.8% in the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after purchasing an additional 1,093 shares during the period. Jackson Thornton Wealth Management LLC acquired a new position in shares of Adobe during the 2nd quarter worth about $328,000. Svenska Handelsbanken AB publ bought a new stake in Adobe during the 3rd quarter valued at approximately $34,922,000. Finally, Bourgeon Capital Management LLC grew its holdings in Adobe by 41.0% in the 2nd quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock valued at $9,548,000 after buying an additional 7,176 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

About Adobe

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.